German Manufacturing PMI Rises 52.9 In Nov, Unemployment Change Down -13K, EURUSD: Recovery Continues!

forex germany min
forex germany min

German Manufacturing PMI rose 52.9, from 52.6 in the previous month, the indicator was expected to remain unchanged 52.6 as last month…

German Unemployment Change fell -13K, from -7K in the previous month, the indicator was expected to fall to -5K in the last month…

Market impact: This development should keep the short-term recovery intact, resistance comes at the 1.0603 levels, a break would open 1.0637 next, further upside resistance comes at the 1.0688 levels. On the downside, support come sat the 1.0560 levels, a cut through the 1.0560 levels will terminate the recovery mode and restore the downside momentum and open the 1.0500/1.0450 levels…

MARKET DATA

UPCOMING ECONOMIC EVENTS